Victorian Numbered Acts

STATE TAXATION AND MENTAL HEALTH ACTS AMENDMENT ACT 2021 (NO. 22 OF 2021) - SECT 67

    (1)     For clause 8B(2) of Schedule 2 to the Payroll Tax Act 2007 substitute —

    "(2)     The designated group employer must pay an amount (in dollars) of payroll tax, calculated in accordance with the following formula, on taxable wages paid or payable in a month—

where S is—

        (a)     if the total ETW and EIW for the group in the financial year in which D will be applied is not more than $10 million—zero; or

        (b)     if the total ETW and EIW for the group in the financial year in which D will be applied is more than $10 million but not more than $100 million, the amount calculated in accordance with the following formula—

; or

        (c)     if the total ETW and EIW for the group in the financial year in which D will be applied is more than $100 million, the amount calculated in accordance with the following formula—

".

    (2)     For clause 8B(3) of Schedule 2 to the Payroll Tax Act 2007 substitute —

    "(3)     In addition, each employer who is a member of the group must pay an amount (in dollars) of payroll tax, calculated in accordance with the following formula, on taxable wages paid or payable by the employer in a month—

where—

S     is—

        (a)     if the total ETW and EIW for the group in the financial year in which D will be applied is not more than $10 million—zero; or

        (b)     if the total ETW and EIW for the group in the financial year in which D will be applied is more than $10 million but not more than $100 million, the amount calculated in accordance with the following formula—

; or

        (c)     if the total ETW and EIW for the group in the financial year in which D will be applied is more than $100 million, the amount calculated in accordance with the following formula—

TW     represents the total taxable wages paid or payable by the employer concerned (as a member of the group) during the relevant month.".